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problems it's unclear how deeply the u.s. will engage on global issues such as syria, iran or china. u.s. relations with the outside world there are more difficult challenges to come. nhk world, washington. >>> president obama won, but he faces many economic challenges. we now ask an expert's view about his outlook. in our new york studio is richard katz, the editor in chief of the oriental economist report, newsletter on japan. mr. katz, thank you very much for joining us today. >> sure. >> among the many challenges president obama will first face the so-called fiscal cliff. how do you think he'll deal with it, and how will that affect asia? >> i think it will be very difficult to deal with it. the republicans have made it clear they continue to want to be the party of no. they're not willing to compromise on a combination of tax hikes and spending cuts. i say there's about a 50/50 chance the fiscal cliff could be avoided. at best it may be extended by a few months. if the fiscal cliff is short and then people come to their senses and compromise, the impact on asia will be small. but if
years and has already, i know, improved training techniques. >> michael skerker is a professor at the u.s. naval academy, and he is the author of this book, "an ethics of interrogation." here it is. this is book tv at the u.s. naval academy. >> is there a nonfiction of your book you would like to see featured on book tv? send us an e-mail. or tweet us. talks about the history of the office of strategic services in china and the successes and failures the organization had. this interview, recorded at the u.s. naval academy in annapolis, md., was a part of the book tv college series and is about 20 minutes. >> on your screen, a professor at the u.s. naval academy, also the author of this book, al ss in china, a prelude to a cold war. professor, if you would, start by briefly describing china's role in world war ii. >> china's role in world war ii is very complex. first of all, china entered the war first. most people in china would agree that china entered the world were to way back in 1937, july july 1937 with china and japan went to full-scale war. that fact, of course gile was not recogn
be very important because of pre-war because china as well as the united states u.s. to lift the asia first and second strategy which has become a major issue. while most of the british try t down play that role and i think in retrospect, both sides had this validity and the argument, and by the time china had becom very important toward the end o 1943, 1944 the nature of the  had changed because the u.s. original strategy was to drive the japanese to the western pacific to the edge to go north and through the japan homeland. but by the end of 1943 to 44 particularly after the battle o the philippines. so the land route which was urgently planned by china have become much less significant. so that's why it is very mplex. >> professor why did you plan the attack in china in 1937? >> that is a long story. to make it short, both japan an china were military and economically in the 1930's and japan has a very different national psyche than the chinese. there are big, divide
is the incumbent president that puts him in a position of power. all through u.s. history incumbents have usually had the advanta advantage. obama campaigned on his achievements. health care reform, ended the war in iraq, decided to pull back in afghanistan and killed osama bin laden. he took the lead in managing the disaster. that was a winning move. obama also found support among the middle class, the biggest group of american voters. he said he would end tax cuts for the wealthy and give everyone access to health care. >> i guess the big question is what will the president's next four years look like? >> along with his main domestic challenge, the economy, he'll also have to face challenges abroad. iran and north korea are two nations his administration will need to address. he'll continue to pressure them to stop their nuclear development. but at the same time president barack obama will have to be very careful to avoid military conflicts. he knows very well that most americans are already wary after the longest wars in u.s. history in iran and afghanistan. >> you mentioned part of this quest
cementing his position as successor to president hu jintao. he visited the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. >> reporter: xi will likely be joined at the top by the man widely expected to become china's next premier. >> lee became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. lee became vice premier in 2008. lee is 57 years old. he hails from a province and is currently in charge of domestic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. hiss classmate told us li also dedicated himself to studying english. he said the man who will become china's premier show nod sign he would become a politician. >> i think every single day he had a lot of tickets in his pocket. in one side, he write english, another side, chinese together. start out l
speeches, fund-raisers, they're all over. now comes down to u.s. voters. more than 120 million are expected to show up at the polls. >> and european investors are holding off on big moves. equities just edging higher led by technology stocks. >> and adecco sees hiring picking up in america. >>> we're finally here, election day in the united states. before that, we have the latest pmis out of the eurozone. economy declined steepening going into the fourth quarter. the final services pmi lower than the flash. it was 46.2 was the flash. lowest since july 2009. that means the composite final pmi 45.7. the flash 45.8. french services pmi weakened, also. 46.2. so both those major parts of the eurozone economy -- >> and remember, this is a leading indicator. if you see europe doing any better next year, you have to start seeing at least this indicator bottoming. >> dollar just dipped down to its lowest point of the session on the back of that. and of course we've got in spain they're talking about the groth being much weaker than the government's forecast. >> even though their service might have b
at 9:15, the impact of new leadership in china on u.s. relations. president obama traveling in parts of asia. we will have those segments, plus, we will take a look at the papers and take your phone calls as well "washington journal ."shington, we will see you then. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> next, a discussion on the future of u.s. diplomacy. after that, a forum on the effectiveness of al-qaeda in yemen. >> a former state department officials from the obama and george w. bush administration's discuss public diplomacy in a tough budget in vermont. the discuss the effectiveness of student exchange programs and government-backed broadcasting outlets, like "voice of america." the george washington school of international affairs hosted this event tuesday. this is an hour and 45 minutes. >> that is public diplomacy in action. [laughter] i'm a professor here at gw and the director of the institute for public policy and global communication. you can find us on twitter @ip dgc. we're also on fa
as successor to president hu jintao. he visited the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. xi will likely be joined at the top by li kequiang, the man widely expected to become china's next premier. li became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. li became vice premier in 2008. li keqiang is 57 years old. he's currently in charge of domestic economic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. his classmate told us li also dedicated himself to studying english. he says the man who will become china's premier showed no sign he would become a politician. >> i think every single day he got a lot of tickets in his pocket. in one side, he would write english, another side, chinese together. start out like this. and every day he read this,
the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in at 14.5% growth and that beat expectations. a lot of th
, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out
>>> welcome to nhk world "newsline." the two leading candidates fighting to be u.s. president hardly have time to sleep or eat as they dart from state to state trying to solidify their support. the latest poll ahead of tuesday's vote suggests barack obama and his republican challenger mitt romney are almost tied. obama has 49% support. romney has 48%. the candidates dashed through key swing states over the weekend, including new hampshire. they are making their final arguments to voters. both campaigns are trying to lock in crucial electoral college votes. >> you know that i know what real change looks like, because i fought for it alongside you. i've got the scars to prove it. i've got the gray hair to show for it. >> romney hopscotched between the swing states of new hampshire, iowa, colorado and ohio. >> the question of this election comes down to this, you want four more years like the last four years or do you want real change? >> romney is also focusing on wisconsin, one toss-up state where obama is said to have a lead. and he is running more tv ads in pennsylvania, mich
recent biennial survey which looks at american public opinion on the u.s.'s role in the post-9/11 world will be the launch pad for today's conversation. all on this panel and i were in government on 9/11 which, by the way, occurred on a crisp and clear tuesday, which will be tomorrow's weather so i understand, and the day of the week that is tomorrow. we were in different roles. all of us regardless of our party position or party, struggle to find the right strategies to keep our country safe. looking back on it, we did some things right and some things wrong. i lament especially that we never debated and put in place a comprehensive legal framework for the post-9/11 world. mike hayden, who you'll meet in a moment, was prepared to help with this by fully briefing the intelligence committees at more than one point. but at one point was called back by the white house and not able to brief us on a crucial part of the strategy. there was a headline of an op-ed in yesterday's new york times. and it was "how resilient is post-9/11 america?" the piece made the point, which i think is critical
here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings
the disputes should not be internationalized, an indirect reference to the united states. u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the country's concern to quickly draw up the code of conduct. one indirectly said the united states should not be involved, stating that the disputes should not be internationalized. now, obama's trip to asia is a sign that america's so-called pivot to asia strategy remains unchanged after his re-election. his visit to myanmar was criticized by some observers. they say it was premature. obama went ahead anyway, a signal of his desire to increase u.s. influence in southeast asia and keep china's ambitions in check. nhk world's matthe
of their force projection in the persian gulf into that conflict. i think there is hope that the u.s.-israel relationship is strong and open enough and the lines of communication are open up that it would not happen. one of the other things that if it may give a little positivity towards that is a concern that the nuclear facilities are so far in the ground that israel does not producing a satisfactory assault. they would need u.s. plant emissions to carry some of those weapons. perhaps that might give some hope there would be communication, if there is an attack down the line, that the two countries would be to work together and cordray. host: 3 more, go to foreignpolicy.com. thank you for talking to our viewers. guest: thank you for having me. host: that does it for today. we will be back live tomorrow morning but lawmakers make their way back for the lame-duck session that begins today. we will be up there taking your calls and your comments and questions. thank you for watching today. [captioning performed by national captioning institute] [captions copyright national cable satel
, that trade officials see challenges ahead. most recently, over solar panels. the u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in several of those industri
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield
chairman this year of the u.s. telecom trade association. he's been our guest on "the communicators" along with paul barbagallo of bloomberg. gentlemen, thank you. >> guest: thank you.Ñsr >> next, the interim america dialogue discusses the results of the november 6th elections and implications for latin america. panelists discuss the prospects for change with the obama add enrings' policies involving immigration, trade, drug policy, and economic cooperation. this is about an hour and ten minutes. >> this morning, we're going to have a conversation, a discussion, about the elections, november 6th elections in the united states, and what the results mean for u.s. relations and latin america, and the idea really is to have a good exchange and to engage everybody here to talk about what the significance of the outcome might be. we're going to start with the few opening remarks, and then invite, encourage you to share your insights about what the elections might mean. i'm joined this morning by three of my colleagues from the inter-american dialogue, peter hakim, the president emeritus and sen
obama becomes a first- inning president to visit burma. but >> lewis hamilton wins the u.s. grand prix. >> ban ki moon has arrived in cairo in support of the cease- fire between israel and hamas. >> the exiled leader of hamas says they must take the first up a bit want the truce in israel. they will consider a cease-fire in israel and their attacks and the siege of gaza. >> israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. >> the bombardment of gaza continues. israeli defense forces are picking targets they say it are connected to palestinian militants. the billionaire also among the latest casualties. across the border in israel, ground troops are massing in preparations for a possible invasion. israel has no mobilize and 40,000 reservists. elsewhere, diplomats are attempting to broker a ceasefire. in jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. >> it is clear we do not have any ambition to gain an advantage but we just want to stop the fire. >> more than 1000 rockets have be
soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, c
in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1
after good gains yesterday. following strong moves in the u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly weaker against the u.s. dollar. rba minutes suggesting that their policymakers consider further monetary easing may be appropriate. still to come, we'll be in athens and brussels. euro group reportedly close to signing off on the next tranche aid. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. get on e-trade. set up a real plan. frank!
.m. eastern. >> through election day, what are coverage. coming up next, the u.s. air relations. including the discussion of the relationship between u.s., israel, and iran. then we will hear the "washington post" cybersecurity summit. we have several live events to tell you about tomorrow. gregorie dinero will be on to discuss the future of the army. and president obama's campaign rally at the university of colorado, boulder. that is on c-span. [cheers] [applause] >> all right, let's get what documents the coolidge family during the white house years. and also before. >> part of the coolidge family papers. we have one box of photographs. then we have several boxes of other documents. photographs are heavy. the album should be in the back here. here it is. unfortunately, it is on lack civics paper. there's not much we can do about that because we don't want to change the artifact nature of the album itself. starting to crack, some of these pages are separating. this is a photograph of calvin coolidge the day before he became president. he was in plymouth, vermont, visiting his father, doin
for them to add that i think is what's a problem for our system. >> was the future for priorities the u.s.a. by the way. what do you imagine doing? >> this is a big team effort. we brought on mary beth and paul and jeff. some of us can't just pull look, we are spending these next days and weeks talking about what happened next force. we built up somewhat of a brand in washington at least and we have a donor base and it doesn't seem like crossroads is going away or the chamber will stop spending money. so we're thinking about what's the best next step. >> so that's the future, is life for the super pacs. they turn into lobbying organizations because they've got all these people. they're being i assume paid enough to pay the rent, and they have a brand. that's exactly what you're hearing from american crossroads. plus the addition that to the extent they're doing this through nonprofits they actually need to lobby to keep their irs status. they have done all this campaign activity and that sec for they need to produce lobbying and noncampaign activity to prove the the iris they aren't just
about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened to leaders of the house, i think everybody agrees it would be highly desirable to reach a compromise. they also agree the elections provided a mandate. the president seems to think that he is the one who got the mandate and that republicans are saying, well, yes, mr. president, but me, too. and how do you reconcile two mandates and reach an agreement? what are the consequences of failing to do so? this is one of the most important issues facing the administration, the congress, and the nation. mr. norquist. >> several months ago i said there are two options for after the election. after the election, if romney was elected, he would have republican senate to go along with the house. they would pass the ryan pl
years after a massive oil spill at daily inched the u.s. coast. --deluged the u.s. coast. welcome to our viewers on public television in america and around the globe. there are real concerns that the conflict between palestinian militants in gaza and israel could spark a wider conflict in the region. air raid fire sounded in the israeli city of tel aviv as rockets were fired towards it. the assaults underlines the rising tension. >> tonight, sirens sounding across tel aviv. the commercial capital and most populous city now a target for the rockets being fired by militants -- militants in gaza. people to cover bread they could. there were no casualties -- people took cover where they could. there were no casualties. >> i saw a flash of light. 2 kilometers in the direction of the seat. the rocket landed in the seat. >> targeting tel aviv marks a significant escalation of this growing conflict. the body of the man held responsible by his it -- by israel for launching hundreds of rockets from gauze that. -- gaza. at his funeral in gaza city, the military commander was carried to the streets
's a double feature this afternoon, and i have the privilege of also introducing to you our next speaker, u.s. senator-elect ted cruz from texas. it was two years ago when ted cruz came up to me and others here in this room saying he was contemplating a run for the u.s. senate and asked for reaction. trying hard not to pour water over ted's noble commitment to public service, i resisted what would roll out of our topings -- tongues when a friend confronts us with advise. are you crazy? do you have a fever? have you sought professional help for this behavior? [laughter] taking a slightly different tact, i asked the usual questions. is it the right time politically? do you think the money's there? is your family prepared for this? have you checked all the necessary boxes back home in texas? now, as any of you know ted would guess, looked reflective and discerning at the questions, but you knew he was optimistic and just raring to go. he wanted to do this. from the experiences with the bush campaign and his bid for attorney regime, he knew he was ready for the political fray, and while he probab
the coaches and even leaks because many of the links i work with our code. they are not governed by u.s.a. football for pop warner. these guys can't come down. scott can't come until every coach in the united states of america this is the way you need to do it. so what we try to do at the league had to share this as an example that this is what you're fighting with the aggressors level is number one, coach kerri campbell and i went to a lake. we said this. you know i want to do? we played at the highest level, so there is a model standard. authority out there. the nfl authority set a standard for youth coaches in america. the problem is they don't embrace the changes because it's all about winning. win at all costs mentality. winning is good, but nobody remembers years from now. what matters is the effects of the game. so what we tried to do was, okay, if you guys want to improve safety and you want to improve coming you know, making sure coaches are responsiblefor me being accountable and credible, then implement the leagues are just like the nfl pa. they protect the west players. they
in power so, for example, in egypt you had mubarak, very much aligned with u.s. and israeli interests. he was willing to turn a blind eye to israeli aggressions as they described it in gaza so long as he could secure the support of the u.s. and israel. you is a very different dynamic now and why this is also a very big test to egypt, to its credit, america is allowing egypt to immediate this and so far, egyptian officials say they are not [ inaudible ] a peace treaty with israel. president morsi says he's committed to the international obligations but he's also using his leverage to perhaps rein in hamas. it's not necessarily that hamas feels empowered but now perhaps egypt's president is saying to hamas you also have a responsibility to govern, you can't just fire these rockets indiscriminately and trigger this type of backlash. this isn't only a crossroads for israel and gaza, it has a tremendous amount of implications for egypt and u.s. foreign policy vis-a-vis the new emerging realities of the arab world. >> i want to open this up to our panel in new york. something that has been goin
clear yesterday that he is open to new ideas. the u.s. cannot afford tax cuts that were passed 10 years ago -- over 10 years ago now. he feels that the most fair way to pick our revenue shortfall is by raising revenue from the very top. >> explained to everyone, if you can. under balsams and, it was predicted that we have -- bowl es-simpson, it was predicted that we would have 16 trillion dollars. even if you have that, why is that ok to have 22 trillion dollars of debt at in 10 years? by the is that considered still a good thing to do? -- why is that considered still a good thing to do it? >> the best capacity is the size of the debt relative to the economy. what the president has proposed is to put us on a path where the debt is stabilized and we are coming down relative to gdp. >> it is still 100% of gdp. >> i would explain a little bit about the numbers. that is the 16 trillion dollar figure that you mentioned earlier. i do nothing that is inappropriate way of measuring our debt. it is not the measure of that that is economic relevant. >> ten or 12? >> closer to 12. >> ok. the unemp
on december 7th. they priced the range at the moment of their indicative range. it will be a 3.1 u.s. billion dollar ipo and that would be hong kong's largest in about two years. looking at some of the other markets, the kospi finished with somes losses down 0.1%. asx finishing up 0.6%. let's get over to the november performances because it was a pretty good showing for the month. nikkei of course the outperformer. kelly mentioned the yen. it has been weakening against the u.s. dollar and that has been providing a lot of support. also directly related to politics in japan. this has been in focus over the last month or so. opposition leader expected to be the next prime minister when the country votes. so he has been talking about a lot of aggressive monetary easing and talking about an inflation target of about 2%. so stocks have really been on a roll. the kospi finishing up with just about 1.1% gain in november. we have the asx finishing just slightly lower about a quarter of a percent. and the hang seng continues to win finishing i believe a third month of gains up 1.8% in the month of nove
it with the discipline i come from an information technology career of over 30 years. i worked at u.s. special operations command as the director of the staff i know what it takes to get this stuff done, and five years, gentleman is totally unacceptable. and i don't really have a question for you. i just want you to fix this for crying out loud. >> can i respond? congressmen coming you and i but primarily roger baker and you have had this discussion. i work with you and we believe we have the good mark on architecture and i haven't satisfied you. we will come back and work on it again. >> mr. turner? >> thank you, mr. chairman. thank you for being here. i appreciate your leadership i want to particularly thank you for your work on sexual assault which and you were working on with the secretary of the va in your efforts to change the culture throughout the dod to prevent sexual assault and assist the victims. the members have been of service members and families transition and out of the military secretary panetta of the most important things transition with a family is obviously that raises the issue of
of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region. prime minister julia gillard pledged cooperations during president obama's second term. >> i'd like to welcome president obama my warmest congratulations on his reelection. we've got so much to do together in th
is president and ceo of the windstream corporation, he is also chairman this year of the u.s. telecom trade association. he's been our guest on "the communicators" along with paul barbagallo of bloomberg. gentlemen, thank you. >> guest: thank you. >> just ahead, a series of discussions by the world affairs council of america exploring national security issues facing the u.s. up first, former national security adviser steven hadley. he talks about the economic impact on national security. then a panel of former ambassadors discusses relations between the u.s. and pakistan. after that former middle east envoy dennis ross talks about iran, israel and u.s./middle east policy. and later, a look at the aftermath of the arab spring including the ongoing syrian civil war and the challenges facing egypt after its revolution. >> later today, singers and musicians roger daltrey and pete townsend of the who will be at the national press club to talk about the program they co-founded to help improve the lives of teenagers and young adults with cancer. they'll also discuss their plans for a new initiativ
.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little more oil with that strat
advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining t
in the southwest, been in the u.s. since the was basically took half of mexico. and the new latino population which is foreign-born, 40% foreign-born, and the rest of the children of immigrants. very conservative. i know when asked about government they may give answers that are not extraordinary, but sometimes we get tangled, caught up with polls. resort have seen in this election cycle. and i think with latinos we cite polling with specific issues but is that a better understanding of where they're coming from you will get an understanding of why they're answering the questions that way. but i believe with the latino community, we lost the latino vote because of immigration. if we would have a better position on immigration, from the get-go, from the primary governor romney would've been competitive and it would've been competitive in those battleground states where the latino vote was decisive. and, finally, we have to stop being rockefeller republicans. we are not the party of the 47%. you know, when governor romney said what he did last week that obama won because it gives to latinos and other
part of the historic results of this last week where he had 20 women in the u.s. senate, and historic number and rebecca rightly reminded us that it was in part because of things like emily's list that i want to have a conversation about the kind of institutions and the organizations that have been working quiet they all this time to make this moment possible. i don't have to say something about emily's list. >> families list within washington politics, it is an incredibly powerful force. at some point they were the largest organization. i don't know if that's still true, in the day of the super pacs, they are not the largest anybody. so emily's list is an organization that supports democratic pro-choice women for all kinds of offices around the country. they are very powerful and have been working really hard for a long time to get more women effect did. other celebration about the creator of the woman, sometimes you want to say this is terrific progress in other times you say wow, 20%. but it's very, very work getting women elected. so i cited emily's list because they're the bigge
to the impact of superstorm sandy. dealers' attention now focused on the very important policy watch, the u.s. jobs data, which will be out on friday, as well as the u.s. presidential election next week. so a lot to watch out for. back to the studio. >> a lot to watch out for indeed, thank you very much. our business reporter at the tokyo stock exchange. >>> that's all for business news for this hour. i'll leave you with a recap of the markets. >>> u.s. president barack obama would be speaking to crowd after crowd in swing states if it hadn't been for the storm. he has less than a week to convince undecided voters. st americans have already examined his record over the past four years. he started his term with a sentiment offered by many of those who came before him. >> that america can change. our union can be perfected. >> many americans have grown tired of what their country had come to represent under george w. bush. obama promised change at home and abroad. he brought an end to the war in iraq. he said u.s. combat forces would pull out of afghanistan by the end of 2014. and he promised t
for maritime interests. u.s. president barack obama will hold talks with japan's prime minister yoshihiko noda and chinese premier wen. aimed at addressing strained relations over claims to the senekaku islands. the president is expected to stress any differences should be peacefully resolved according to international law. >>> now, japan's prime minister has praised myanmar's rapid reforms. and he's offered the country a development loan worth $600 million. yoshihiko noda met thein sein on the sidelines of the summit. myanmar has made steady progress on political reform. he promises to support the economic development. japan's public and private sectors will back reform efforts. it will be the first yen loan in almost 26 years. myanmar's leaders will use it to refurbish a thermal power plant in yangon. japan's government will extend the loans in february next year at the earliest. myanmar's to foreign investors. >>> letting out a small sigh of relief. trade agreement. joins us from the business desk. what's the story here? >> as you know, political tensions have tied up in parts of east asia.
the murder investigation. >>> coming up in the cnn newsroom, u.s. congress returning on tuesday with all eyes focused on the fiscal cliff. >>> and black friday has come and gone and now the best barringians are 48 hours away, perhaps, on cyber monday. we'll have tips you need in order to try and save some cash this holiday season. "your money" starts right now. >>> for months i wornd you about the economic storm of the dangers of going over the so-called fiscal cliff. the one washington created. it seems with the noise of the campaign behind us, washington is listening which means that after several months of harping on the dangers that you face, i'm ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." i will not drop this issue until it is settled. then we have the debt ceiling debate. but there is life after washington induced catastrophe. frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turn around year for the u.s. the start of a recovery that feels real. most of it will have
there versus the u.s.? caller: i was looking at a place in a number of places in the philippines a friend of mine i'm a veteran and talk to other vets and he has a very nice small apartment right across the street from the beach and it's $150 a month. host: do you get a military pension? caller: no, i don't. i just missed. host: host: we're looking at twitter page. back to our calls in memphis. how is the economy affecting your retirement plans? caller: the economy is affecting my retirement plans. when the -- before the market crashed i had mutual fund and a stock in a couple of different companies. as the economy tanked even more i was one of the people who was without employment. i was able to draw unemployment and so i was able to have that until i received another job which was at a greater pay cut. now at this point trying to go back to school, trying to get my mutual funds back together because i did cash one of them out. my ira is together. i never rolled my 401-k over either. at this point trying to go back to school, trying to live on less money, downgrading all the way, having
in the u.s. to be detained without charge or trial. the f.b.i. and other law enforcement agencies have proven time and time again that they are up to the challenge of detecting, stopping, arresting and convicting terrorists found on u.s. soil. having successly arrested, -- successfully detained, arrested, convicted hundreds of these heinous people both before and after 9/11. for example, since january, 2009, 98 individuals have been successfully arrested inside the united states by the f.b.i. and other federal or local law enforcement officers on terrorism-related charges. last month, staff of the senate intelligence committee compiled a list of the 95 individuals arrested in the past four years as part of more than 50 different terrorism investigations. the list was based on publicly available information from the f.b.i., the congressional research service and media reports. and i have it here and i would like to enter that list into the record. the presiding officer: without objection. mrs. feinstein: thank you very much. it is also important to understand that suspected terrorists w
the election rattling investors in the u.s. europe moving to the front burner once again. we talked about this yesterday being the cause of all this volatility in the u.s. market. warning the economic slowdown hitting germany, the euro's own partisan healthiest economy. investors wait for a vote on another unpopular austerity package,,deep spending cuts so they can get the next round of eight. the measures are expected to pass by a narrow marrin. already showing their anger, all shut down for a second day. police using tear gas against the demonstrators. tracy: and clearly we are seeing that the market. rolling over when the market closed. part of it is down. now that the election day has ds come and gone and the government rings virtually unchanged, congress should be able to work with differences. peter barnes has brought himself back to washington. it is like dÉjÀ vu all over again, isn't it? >> yeah. we just heard from democratic leader harry reid in a press conference in the last hour. he was sounding conciliatory kind of. >> everything within my power to be as conciliatory as poss
in midair. like the patriot missile system as a lot of us were familiar with in u.s. wars over the past couple decades. but this is designed for short range rockets and missiles, if you will. and israelis say so far, it is about 90% success rate. they have been using it pretty successfully. problem is, it's been about a thousand rockets and missiles that have come into israel from gaza since last when this crisis really jessica late. sirens go off in towns and villages and the people have to rush to air raid shelters or bunkers, stair wells, wherever they can go. israelis say they won't tolerate it very much longer. that's the israeli perspective. they are going after targets in gaza, but there are plenty of civilians w40 have been killed in the process in gaza because it is such a heavily populated area and some of the missiled are launched from populated areas. then you get the tragic results in the process. >> and we have seen the video of the people fleeing and when they see the sirens running off, just trying anything they can do, wolf, to get to safety. everyone wants this not to
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